Lawrence Summers

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With the release of the president’s budget, Washington has once again descended into partisan squabbling. There is in America today pervasive concern about the basic functioning of our democracy. Congress is viewed less favorably than ever before in the history of public opinion polling. Revulsion at political figures unable to reach agreement on measures that substantially reduce prospective budget deficits is widespread. Pundits and politicians alike condemn gridlock as angry movements like Occupy Wall Street and the Tea Party emerge on both sides of the political spectrum, and partisanship seems to become ever more pervasive.

Author Profile

Lawrence H. Summers is the Charles W. Eliot University Professor at Harvard and former U.S. Treasury Secretary. He speaks and consults widely on economic and financial issues. Follow him on Twitter @lhsummers